Richardson TX Residential Sales Report for February

Inventories continue to decline

Sales fell 4% in February as compared to the same time last year. However, pending sales were up 4% so it's just some gyration in the market. The average sales price increased 14% while the median sales price rose 11%. The number of new listings dropped 6% and the active listings took a nose dive. down 30%. The months of inventory fell to 0.6 months. It's very difficult for buyers in this market.

Sales: 68
Average Sales Price: $2892,672
Median Sales Price: $270,000
Pending Sales: 103
New Listings: 102
Active Listings: 56
Months of Inventory: 0.6

Information provided by The Real Estate Center